Don't Blow Your Deployment Money! 3 Tax-Free Ways to Get RICH in the Military
Video Overview & Insights
Turn your deployment into wealth. Learn the Combat Zone Tax Exclusion, the 10% Savings Deposit Program, Roth TSP with tax-free contributions, higher deployed TSP limits, IDP, HDP, FSA pay, SCRA and MLA protections, bill pauses, and a VA house hack you can run while overseas.
From my runderstanding, SDP only gains 10% over the whole year. Essentially, you can only make $1,000 profit on your $10k investment.
You’ll learn:
- How to max the 10% SDP and the Roth TSP
What do you recommend to do with BCT pay? I will ship out in January, I don't know yet what to do with that pay that will be seating there. I know at least I won't spend it uselessly
- Which pays and allowances to invest first
- How SCRA and MLA cut interest and protect you
Thank you for sharing all this information, some of it seems like common sense, but it’s nice to hear from someone who has experienced this. I learned a lot that I wouldn’t have even thought about until it was too late. Thank you! I ship out to boot camp in January.
- A VA fourplex plan that can cash flow during deployment
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Just sent this video to my friend who is deployed. Great info, definitely subscribed and paying attention.
#militarymoney #TSP #deployment
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Crazy timing, opened YouTube to search for this exact topic and yours popped up first. Deploying out next year, thanks for the info
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Right on! Another thing to consider is to do Roth conversions while deployed. TSP will allow this to happen inside of the plan next year. It doesn’t affect contributions that year and you can convert traditional to Roth allowing tax-free growth forever. You could be wasting your standard deduction that year if you have no taxable income. This is more advanced but worth its weight in gold.
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Thanks for clarifying this. Love your videos, only one suggestion: no sound effects are necessary For written words. Visual effects would complement it better. Great content tho!
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My name is David Pere. I am a 13-year Marine Corps Veteran and father, a seven-figure business owner, real estate investor, author, and podcaster.
I know of Navy ships that have altered course to go into regions that qualify for combat zone pay just so some people can get their reenlistment bonus tax free.
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What about what we could be doing during this shutdown any suggestions